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An S&P A+ rated bond that has just paid a coupon matures in exactly 2.0 years is trading at a price of $100,953, with a
An S\&P A+ rated bond that has just paid a coupon matures in exactly 2.0 years is trading at a price of $100,953, with a yield of 3.221%, has a face value of $100,000, and semi-annual coupons. What is the annual coupon rate? Give the annual coupon rate as a nominal rate. (round your answer to two decimal places) %
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